Suzlon Energy Limited has faced a decline in performance, with the stock down 3.95% trading at Rs 66.58 on October 7. The broader market, as indicated by the Sensex, has also been negative, with a drop of 3.51% in the last day and 5.78% over the past month.
Classic Pivot Levels
Analysis from November 7 shows key resistance levels at ₹68.63, ₹70.37, and ₹71.28, while support levels are at ₹65.98, ₹65.07, and ₹63.33. The following day, the stock further declined by 1.86%, trading at Rs 65.6.
Short-term Moving Averages
In the short term, Suzlon shares have seen a modest increase of 0.27% over the past week. Experts recommend a BUY rating, citing a target price of Rs 77 despite the stock trading below various moving averages.
Long-term Potential
Despite recent declines, Suzlon Energy remains a significant player in renewable energy. The company has returned 67.50% over the last six months and an impressive 2,356.83% over five years, indicating strong long-term potential. Investors are advised to hold for potential growth.
Disclaimer
Investing in stocks carries risks. Consult your financial advisor before making investment decisions.
News in Hindi | Suzlon Share Price 08 November 2024 Hindi News.
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Summary at glance
Suzlon Energy Limited’s share price has experienced a decline, trading at Rs 66.58 on October 7, down 3.95%. Over the last month, it has dropped by 5.78%, though it has shown a slight increase of 0.27% in the past week. Analysts recommend holding the stock due to its strong performance in the renewable energy sector, with potential long-term returns. The stock has yielded impressive returns of 67.50% over six months and 2,356.83% over five years.
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